House Sponsors: SILVA-FEIGENHOLTZ, GILES, STROGER AND TURNER,ART. Short description: MUNI CD-TIF-DEFINITION-BLIGHT Synopsis of Bill as introduced: Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Redefines "blighted area" to mean any improved or vacant area within the boundaries of a redevelopment project area located within the territorial limits of the municipality where the majority of certain buildings or improvements within the area and the area as a whole exhibit significant evidence of blight because of the presence of a combination of factors or if the area designated is vacant and the sound growth of the taxing district is impaired by certain factors. Redefines "conservation area" to require certain factors to be present throughout the area as a whole so that the municipality can certify that, absent investment that will not occur unless the area is designated as a redevelopment project area, the continued existence of the area constitutes a threat to public safety, health, and welfare and the sound growth of the taxing district and the area will become a "blighted area". Requires a redevelopment plan to include evidence demonstrating that the area on the whole will not be subject to future growth and development without the blighted or conservation area designation. Redefines "redevelopment project" to mean any public and private development or redevelopment project in furtherance of the objectives of a redevelopment plan when the development or redevelopment takes place through the use of incremental revenue or the powers otherwise granted to the municipality. Makes other changes. STATE MANDATES FISCAL NOTE HB697 fails to create a State mandate. FISCAL NOTE (Dept. of Revenue) HB 697 has no fiscal impact on the Dept. HOUSING AFFORDABILITY NOTE This bill will have no direct impact on constructing, purchas- ing, owning or selling a single-family residence. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status